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v3.23.1

Bank and Other Loans Payable (Details Narrative) - USD ($) | 12 Months Ended
--- | ---
Dec. 31, 2022 | Dec. 31, 2021
Debt Instrument [Line Items] |  |  |  |
Line of credit, maximum borrowing capacity | $ 93,034,880 |  |  |
Fixed maturity securities, available for sale, at estimated fair value (amortized cost of $362,750,511 and $236,303,310 for 2022 and 2021) | 345,858,492 |  | $ 259,287,603 |
Federal home loan bank stock | 2,600,300 | [1] | 2,547,100 | [2]
Interest expense | 7,830,443 |  | 7,127,516 |
Interest paid | 7,697,921 |  | 7,290,867 |
Bank [Member] |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Line of credit, maximum borrowing capacity | 2,000,000 |  |  |
Line of credit | $ 0 |  |  |
Line of credit, maturity date | Dec. 31, 2023 |  |  |
Bank [Member] | Prime Rate [Member] |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Interest rate | 1.25% |  |  |
Debt instrument basis spread variable rate | 3.00% |  |  |
Bank 1 [Member] |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Line of credit, maximum borrowing capacity | $ 2,500,000 |  |  |
Line of credit | $ 0 |  |  |
Debt instrument basis spread variable rate | 2.35% |  |  |
Line of credit, maturity date | Dec. 31, 2023 |  |  |
Wells Fargo Bank N.A. [Member] |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Line of credit, maximum borrowing capacity | $ 100,000,000 |  |  |
Line of credit, maturity date | Jun. 02, 2023 |  |  |
Line of credit, interest rate, description | The agreement charges interest at the 1-Month SOFR rate plus 2.1% and matures on June 2, 2023 |  |  |
Adjustment of debt | $ 1.00 |  |  |
Texas Capital Bank N.A. [Member] |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Line of credit, maximum borrowing capacity | $ 100,000,000 |  |  |
Line of credit, maturity date | Nov. 09, 2023 |  |  |
Line of credit, interest rate, description | The agreement charges interest at the 1-Month SOFR rate plus 2% |  |  |
Adjustment of debt | $ 1.00 |  |  |
Comerica Bank [Member] |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Line of credit, maximum borrowing capacity | $ 75,000,000 |  |  |
Line of credit, maturity date | May 26, 2023 |  |  |
Line of credit, interest rate, description | The agreement charges interest at the 1-Month SOFR rate plus 2.50% |  |  |
Adjustment of debt | $ 1.00 |  |  |
U.S. Bank [Member] |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Line of credit, maximum borrowing capacity | $ 50,000,000 |  |  |
Line of credit, maturity date | Jun. 02, 2023 |  |  |
Line of credit, interest rate, description | The agreement charges interest at 2.10% plus the greater of (i) 0% |  |  |
Adjustment of debt | $ 1.00 |  |  |
Letter of Credit [Member] |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Letter of credit | $ 622,293 |  |  |
Land development | 525,145 |  |  |
Maximum [Member] | Letter of Credit [Member] |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Letter of credit | 968,903 |  |  |
Minimum [Member] | Letter of Credit [Member] |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Letter of credit | 443,758 |  |  |
Federal Home Loan Bank of Des Moines [Member] |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Line of credit, maximum borrowing capacity | 80,312,445 |  | 19,259,722 |
Fixed maturity securities, available for sale, at estimated fair value (amortized cost of $362,750,511 and $236,303,310 for 2022 and 2021) | 86,338,880 |  | 20,244,900 |
Line of credit | 0 |  | 0 |
Federal home loan bank stock | 856,800 |  | 826,800 |
Federal Home Loan Bank of Dallas [Member] |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Line of credit, maximum borrowing capacity | 5,719,671 |  | 7,794,625 |
Fixed maturity securities, available for sale, at estimated fair value (amortized cost of $362,750,511 and $236,303,310 for 2022 and 2021) | 6,696,100 |  | 8,774,352 |
Line of credit | 0 |  | 0 |
Federal home loan bank stock | $ 1,743,500 |  | $ 1,720,300 |
[1] | Includes $938,500 of Membership stock and $1,661,800 of Activity stock due to short-term advances and letters of credit.
[2] | Includes $905,700 of Membership stock and $1,641,400 of Activity stock due to short-term advances and letters of credit.

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- Definition Amount of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), classified as current. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 30 -Section 45 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=124258926&loc=SL82898722-210454 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 45 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124260329&loc=d3e26626-111562 + Details
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- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI https://asc.fasb.org/extlink&oid=126897435&loc=d3e534808-122878 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(16)) -URI https://asc.fasb.org/extlink&oid=126734703&loc=d3e572229-122910 + Details
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